Bonds
NZ Govt Bond Tender #664; weighted average yield accepted was 2.27%; coverage ratio was 1.59x
17th Jan 19, 2:11pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 664 held on January 17, 2019.
Tender Date: Thursday, January 17, 2019
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wednesday, January 23, 2019
| Jan 17 - #664 | Dec 14 - #663 | Nov 9 - #661 | Nov 9 - #658 | Oct 11 - #654 | Sep 13 - #650 | Aug 30 - #648 | |
| Series Offered | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 |
| Total Amount Offered ($million) | 250 | 250 | 250 | 250 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 250 | 250 | 250 | 250 |
| Total Number of Bids Received | 38 | 43 | 63 | 57 | 85 | 57 | 59 |
| Total Amount of Bids Received ($million) | 397 | 447 | 722 | 549 | 840 | 769 | 731 |
| Total Number of Successful Bids | 18 | 19 | 11 | 25 | 18 | 15 | 27 |
| Highest Yield Accepted (%) | 2.2900 | 2.4900 | 2.6000 | 2.8300 | 2.6300 | 2.5750 | 2.5800 |
| Lowest Yield Accepted (%) | 2.2550 | 2.4750 | 2.5900 | 2.7950 | 2.6150 | 2.5600 | 2.5500 |
| Highest Yield Rejected (%) | 2.3700 | 2.6000 | 2.6800 | 2.9400 | 2.6900 | 2.6300 | 2.6500 |
| Lowest Yield Rejected (%) | 2.2900 | 2.4900 | 2.6000 | 2.8300 | 2.6300 | 2.5750 | 2.5800 |
| Weighted Average Accepted Yield (%) | 2.2709 | 2.4828 | 2.5990 | 2.8179 | 2.6270 | 2.5711 | 2.5676 |
| Weighted Average Rejected Yield (%) | 2.3167 | 2.5084 | 2.6171 | 2.8534 | 2.6453 | 2.5891 | 2.6036 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 10.0 | 61.2 | 69.3 | 80.0 | 65.3 | 87.5 | 18.3 |
| Coverage ratio | 1.5880 | 1.7880 | 2.8880 | 2.1960 | 3.3600 | 3.0760 | 2.9240 |
*Individual allotments may vary due to rounding.
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